President’s Message

We would like to express our sincere gratitude to our shareholders for your continued support and patronage.

The 10th fiscal year was the first year of our VG1000 five-year medium-term management plan, in which we aggressively pursued investments necessary to realize our future growth strategy. In order to strengthen our purchasing activities, we performed M&A to expand our store network in Japan and relocated our warehouses to cope with future increases in purchasing and to improve logistics efficiency. Also, we have worked to build a foundation for growth by airing our first TV commercial nationwide as part of our efforts to raise visibility which is one of our management issues. On the other hand, the impact of COVID-19 lasted longer than expected, and we had some difficult moments, such as not being able to increase purchases as much as expected. Even under such circumstances, we have been thinking seriously about how to encourage customers and partners (reuse business operators in auctions) to use our services and how to build long-term, not just one-time, relationships with them.

We are currently pushing forward with the expansion of auctions as a BtoB platform and will strengthen retail for further growth.
As ALLU’s customers (buyers) can also be NANBOYA’s customers (sellers), our primary goal is to expand touch points between customers on both the purchasing-side and selling-side. We also expect the improvement of our gross profit margin due to the increase in retail sales. Valuence Group will strive to shift to a recurring business model by building long-term relationships with our customers. To achieve this, in addition to strengthening our retail business, we will increase our engagement with customers by expanding BtoC services such as watch repair, improving communications, and expanding our merchandise.

Furthermore, we have started full-scale efforts to address sustainability, which is strongly related to our business, by identifying priority ESG issues to be addressed and setting themes for the most important ones among them. We will further increase our efforts to realize a sustainable society.

Although the future is still uncertain as the COVID-19 pandemic remains unresolved, all of us, both executives and employees, will work together to overcome the current situation and improve our corporate value. We look forward to your continued support.

Valuence Holdings Inc.
Representative Director

嵜本 晋輔

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